Price Analysis of Litecoin (LTC) – August 30th

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Price analysis of Litecoin (LTC) – 30 August

litecoin-ltc-price-analysis-august-30 [19659004] After falling prices, the LTC price is expected to fluctuate between the levels of $ 62 and $ 50.

  • The LTC price has fallen due to the failure of the bull to maintain the price hold above the level of $ 62.
  •   Litecoin, LTCUSD, chart CryptoCompare Chart Litecoin for Trading View

    LTCUSD Medium-term trend:

    Strength levels: $ 60, $ 70, $ 80

    Levels of support : $ 50, $ 40, $ 30

    Yesterday, the price of Litecoin was falling. The downward trend was the result of the bull's failure to sustain its price hold above the price level of $ 62. The LTC price is now falling and approaching the lowest level of a price range. Cryptocurrency is now expected to fluctuate between the levels of $ 62 and $ 50.

    If the price reaches the lower level of a price range and applies, traders should start long exchanges. However, the MACD line and the signal line are below the zero line indicating a sales signal. In addition, the price of Litecoin is lower than the 12-day EMA and the 26-day EMA which indicates that the downward trend is underway.

    Short-term trend LTCUSD: Bearish

     Chart Litecoin, LTCUSD, CryptoCompare Chart Litecoin of Trading View

    In the 4-hour chart, the LTC price has a downward trend. The price is lower than the 12-day EMA and 26-day EMA indicating that the price of Litecoin is decreasing. Meanwhile, the relative relative strength index period 14 is level 47 which indicates that the price is in the limit zone.

    The opinions and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your research.

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